Should I buy or sell Sphere Entertainment stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sphere Entertainment in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPHR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPHR, but not buy additional shares or sell existing shares. View SPHR analyst ratings or view top-rated stocks .

What is Sphere Entertainment's stock price target for 2024?

7 Wall Street research analysts have issued 1-year price objectives for Sphere Entertainment's stock. Their SPHR share price targets range from $26.00 to $43.00. On average, they predict the company's stock price to reach $35.60 in the next year. This suggests that the stock has a possible downside of 7.7%. View analysts price targets for SPHR or view top-rated stocks among Wall Street analysts .

How have SPHR shares performed in 2024?

Sphere Entertainment's stock was trading at $33.96 at the start of the year. Since then, SPHR stock has increased by 13.5% and is now trading at $38.56. View the best growth stocks for 2024 here .

When is Sphere Entertainment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our SPHR earnings forecast .

How were Sphere Entertainment's earnings last quarter?

Sphere Entertainment Co. (NYSE:SPHR) posted its quarterly earnings data on Monday, February, 5th. The company reported ($4.91) EPS for the quarter, missing the consensus estimate of ($0.49) by $4.42. The firm earned $314.16 million during the quarter, compared to analysts' expectations of $303.28 million. Sphere Entertainment had a trailing twelve-month return on equity of 8.91% and a net margin of 40.36%. The business's revenue was up 96.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.25 earnings per share.

What ETFs hold Sphere Entertainment's stock?

ETFs with the largest weight of Sphere Entertainment (NYSE:SPHR) stock in their portfolio include MUSQ Global Music Industry ETF (MUSQ) , Invesco Leisure and Entertainment ETF (PEJ) , Invesco S&P Spin-Off ETF (CSD) , First Trust Small Cap Growth AlphaDEX Fund (FYC) and EA Bridgeway Omni Small-Cap Value ETF (BSVO) . First Trust Small Cap Core AlphaDEX Fund (FYX) .

Who are Sphere Entertainment's major shareholders?

Sphere Entertainment's stock is owned by many different institutional and retail investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.47%), Radnor Capital Management LLC (0.07%) and Cannon Global Investment Management LLC (0.02%). Insiders that own company stock include Andrea Greenberg, Entertainment Co Sphere and James Lawrence Dolan. View institutional ownership trends .

How do I buy shares of Sphere Entertainment?

Shares of SPHR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Positive News SentimentPositive News

NYSE:SPHR

Sphere Entertainment (SPHR) Stock Price, News & Analysis

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Free SPHR Stock Alerts

$38.97

+0.38 (+0.98%)

(As of 11:51 AM ET)

Compare

Today's Range: $38.47
▼
$39.21
50-Day Range: $38.56
▼
$50.88
52-Week Range: $20.68
▼
$51.83

Volume: 146,818 shs
Average Volume: 702,220 shs
Market Capitalization: $1.37 billion

P/E Ratio: 3.68
Dividend Yield: N/A
Price Target: $35.60

Get Sphere Entertainment alerts:

Sphere Entertainment MarketRank™ Stock Analysis

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 7.7% Downside
$35.60 Price Target
Short Interest: Bearish
22.93% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.68
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$10.71 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($3.88) to ($3.78) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.72 out of 5 stars

Consumer Discretionary Sector

205th out of 257 stocks

Amusement & Recreation Services Industry

10th out of 13 stocks

1.1

Analyst's Opinion

Consensus Rating
Sphere Entertainment has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Sphere Entertainment has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
22.93% of the float of Sphere Entertainment has been sold short.
Short Interest Ratio / Days to Cover
Sphere Entertainment has a short interest ratio ("days to cover") of 8.5.
Change versus previous month
Short interest in Sphere Entertainment has recently increased by 0.66%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Sphere Entertainment does not currently pay a dividend.
Dividend Growth
Sphere Entertainment does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SPHR.

3.2

News and Social Media Coverage

News Sentiment
Sphere Entertainment has a news sentiment score of 1.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Sphere Entertainment this week, compared to 4 articles on an average week.
Search Interest
Only 5 people have searched for SPHR on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
MarketBeat Follows
11 people have added Sphere Entertainment to their MarketBeat watchlist in the last 30 days. This is an increase of 267% compared to the previous 30 days.

5.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sphere Entertainment insiders have bought 1,630.47% more of their company's stock than they have sold. Specifically, they have bought $10,706,120.00 in company stock and sold $618,681.00 in company stock.
Percentage Held by Insiders
24.46% of the stock of Sphere Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
92.03% of the stock of Sphere Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Sphere Entertainment are expected to grow in the coming year, from ($3.88) to ($3.78) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sphere Entertainment is 3.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sphere Entertainment is 3.64, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.82.
Price to Book Value per Share Ratio
Sphere Entertainment has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Sphere Entertainment Stock (NYSE:SPHR)

Sphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates entertainment dining and nightlife venues markets under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.

SPHR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SPHR Stock News Headlines

April 8, 2024 | marketbeat.com

The 5 Hottest CEO Stock Purchases So Far This Year

Insider buying is good. It shows management's confidence in a business, helping to support investor sentiment, and no insider is more significant than the CEO.

April 8, 2024 | marketbeat.com

The 5 Hottest CEO Stock Purchases So Far This Year

Insider buying is a telling indicator for investors, and no insider is as significant as the CEO. This is a look at the five hottest CEO buys this year.

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 14, 2024 | americanbankingnews.com

Sphere Entertainment (NYSE:SPHR) Trading Down 4.8%

April 12, 2024 | americanbankingnews.com

Sphere Entertainment Co. (NYSE:SPHR) Receives Consensus Recommendation of "Hold" from Brokerages

April 10, 2024 | americanbankingnews.com

Sphere Entertainment (NYSE:SPHR) Rating Lowered to Neutral at Seaport Res Ptn

April 8, 2024 | msn.com

It’s time for Sphere shares to ‘take a breather’ says Seaport, downgrading the entertainment venue’s stock

April 8, 2024 | msn.com

Sphere Entertainment cut to Neutral at Seaport

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 3, 2024 | finance.yahoo.com

Sphere Entertainment Co. (SPHR) Fell Due to Concerns Over Its High Fixed Costs and Leverage

March 29, 2024 | msn.com

Executive Turntable: Sphere Gets Creative; PushaRod Joins Hallwood; Wasserman Orchestrates Division

March 27, 2024 | benzinga.com

Sphere Entertainment Stock (NYSE:SPHR), Quotes and News Summary

March 20, 2024 | finance.yahoo.com

SPHERE ANNOUNCES FIRST KEYNOTE EVENT WITH HEWLETT PACKARD ENTERPRISE - NEXT-GENERATION VENUE POISED TO REDEFINE BRAND STORYTELLING AND KEYNOTE CATEGORY

March 17, 2024 | msn.com

For St. Patrick’s Day, U2 toasts Sphere finale

March 17, 2024 | finance.yahoo.com

SPHR Apr 2024 57.000 call

March 16, 2024 | finance.yahoo.com

SPHR Mar 2024 57.000 call

March 16, 2024 | finance.yahoo.com

SPHR Mar 2024 40.000 put

March 15, 2024 | msn.com

Sphere launches student design challenge to feature artwork on exosphere

March 14, 2024 | finance.yahoo.com

Shareholders in Sphere Entertainment (NYSE:SPHR) are in the red if they invested three years ago

March 14, 2024 | prnewswire.com

SPHERE LAUNCHES "SPHERE XO STUDENT DESIGN CHALLENGE" A FIRST-OF-ITS-KIND PARTNERSHIP WITH THE LAS VEGAS COMMUNITY MARKING THE FIRST TIME MEMBERS OF THE GENERAL PUBLIC WILL SEE THEIR ART FEATURED ON THE EXOSPHERE

March 14, 2024 | ca.finance.yahoo.com

Sphere Entertainment Co (MQ2.SG)

March 13, 2024 | benzinga.com

Dogwifhat Raises $650K To Put Meme Coin On Las Vegas Sphere: 'This Cycle Is Going To Get Crazier' Crypto Writer Says

March 13, 2024 | msn.com

U2 at Sphere: 5 best moments of 2024 shows

March 11, 2024 | finance.yahoo.com

SPHR Mar 2024 52.500 put

March 10, 2024 | finance.yahoo.com

SPHR Apr 2024 50.000 call

March 10, 2024 | msn.com

3 Entertainment Stocks Set to Soar as the Digital Future Unfolds

March 10, 2024 | 247wallst.com

Buffett Loads Up on This Stock Again, Plus CEO Insider Buying

See More Headlines

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Company Calendar

Last Earnings: 2/05/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Discretionary
Industry: Amusement & recreation services
Sub-Industry: N/A
Current Symbol: NYSE:SPHR
CUSIP: N/A
CIK: 1795250
Web: www.msgentertainment.com
Phone: 212-465-6000
Fax: N/A
Employees: 1,100
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $35.60
High Stock Price Target: $43.00
Low Stock Price Target: $26.00
Potential Upside/Downside: -7.7%
Consensus Rating: Hold
Rating Score (0-4): 2.14
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.58
Trailing P/E Ratio: 3.64
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $502.77 million
Net Margins: 40.36%
Pretax Margin: 18.18%
Return on Equity: 8.91%
Return on Assets: 4.17%

Debt

Debt-to-Equity Ratio: 0.21
Current Ratio: 0.63
Quick Ratio: 0.63

Sales & Book Value

Annual Sales: $573.83 million
Price / Sales: 2.36
Cash Flow: $7.71 per share
Price / Cash Flow: 5.00
Book Value: $74.78 per share
Price / Book: 0.52

Miscellaneous

Outstanding Shares: 35,140,000
Free Float: 26,544,000
Market Cap: $1.35 billion
Optionable: Not Optionable
Beta: 1.40

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Key Executives

Mr. James Lawrence Dolan (Age 69)
Executive Chairman & CEO
Comp: $5.34M
Mr. David F. Byrnes (Age 54)
Executive VP, CFO & Treasurer
Comp: $1.46M
Mr. Gregory Brunner (Age 41)
Senior VP, Controller & Principal Accounting Officer
Comp: $176.05k
Mr. David Granville-Smith (Age 57)
Executive Vice President
Comp: $946.54k
Ms. Andrea Greenberg (Age 65)
President & CEO of MSG Networks
Comp: $4.12M
Mr. Ari Danes C.F.A.
Senior Vice President of Investor Relations, Financial Communications & Treasury
Mikyl Cordova
Executive Vice President of Communications & Marketing
Mr. Joel Fisher
Executive Vice President of Marquee Events and Operations
Mr. Richard Constable
Executive VP & Global Head of Government Affairs and Social Impact
Mr. James J. Claffey Jr.
Executive Vice President of Venue Management

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SPHR Stock Analysis - Frequently Asked Questions

Should I buy or sell Sphere Entertainment stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sphere Entertainment in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPHR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPHR, but not buy additional shares or sell existing shares.
View SPHR analyst ratings or view top-rated stocks.
What is Sphere Entertainment's stock price target for 2024?: 7 Wall Street research analysts have issued 1-year price objectives for Sphere Entertainment's stock. Their SPHR share price targets range from $26.00 to $43.00. On average, they predict the company's stock price to reach $35.60 in the next year. This suggests that the stock has a possible downside of 7.7%.
View analysts price targets for SPHR or view top-rated stocks among Wall Street analysts.
How have SPHR shares performed in 2024?: Sphere Entertainment's stock was trading at $33.96 at the start of the year. Since then, SPHR stock has increased by 13.5% and is now trading at $38.56.
View the best growth stocks for 2024 here.
When is Sphere Entertainment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our SPHR earnings forecast.

How were Sphere Entertainment's earnings last quarter?: Sphere Entertainment Co. (NYSE:SPHR) posted its quarterly earnings data on Monday, February, 5th. The company reported ($4.91) EPS for the quarter, missing the consensus estimate of ($0.49) by $4.42. The firm earned $314.16 million during the quarter, compared to analysts' expectations of $303.28 million. Sphere Entertainment had a trailing twelve-month return on equity of 8.91% and a net margin of 40.36%. The business's revenue was up 96.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.25 earnings per share.
What ETFs hold Sphere Entertainment's stock?: ETFs with the largest weight of Sphere Entertainment (NYSE:SPHR) stock in their portfolio include MUSQ Global Music Industry ETF (MUSQ), Invesco Leisure and Entertainment ETF (PEJ), Invesco S&P Spin-Off ETF (CSD), First Trust Small Cap Growth AlphaDEX Fund (FYC) and EA Bridgeway Omni Small-Cap Value ETF (BSVO).First Trust Small Cap Core AlphaDEX Fund (FYX).
Who are Sphere Entertainment's major shareholders?: Sphere Entertainment's stock is owned by many different institutional and retail investors. Top institutional investors include O Keefe Stevens Advisory Inc. (0.47%), Radnor Capital Management LLC (0.07%) and Cannon Global Investment Management LLC (0.02%). Insiders that own company stock include Andrea Greenberg, Entertainment Co Sphere and James Lawrence Dolan.
View institutional ownership trends.
How do I buy shares of Sphere Entertainment?: Shares of SPHR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SPHR) was last updated on 4/18/2024 by MarketBeat.com Staff

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Sphere Entertainment (SPHR) Stock Price, News & Analysis

Sphere Entertainment MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Sphere Entertainment Stock (NYSE:SPHR)

SPHR Stock Price History

SPHR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SPHR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™